President Donald Trump has hinted at an imminent breakthrough in trade relations with India, projecting a future where a fair and favorable agreement is secured. While officiating the induction of Sergio Gor as the new US Ambassador to India, Trump shared that talks have reached a pivotal stage, with both nations close to finalizing a deal. He also addressed the prospect of reducing US tariffs on India, explaining that this consideration is linked to India’s decreased purchase of Russian oil. This potential tariff reduction signals a shift towards a more balanced trade dynamic. The ongoing negotiations, initiated with the goal of significantly boosting bilateral trade volumes, have seen steady progress despite complex issues. Trump’s remarks underscore a renewed commitment to enhancing economic cooperation and strengthening the strategic alliance between the world’s two largest democracies.
